Carve-out accounts
A. applies only to workers between 65 and 69 years of age.
B. take funds away from the traditional social security system.
C. has a tax rate of no more than 16.9 percent.
D. all of these answer options are correct.
B. take funds away from the traditional social security system.
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In ____ price discrimination, the monopolist charges each consumer the highest price that purchaser is willing to pay for each unit purchased (provided that this price exceeds the marginal cost of production)
a. first-degree b. second-degree c. third-degree d. a and b e. none of the above
Suppose that the development of a new, improved seed allows all corn farmers in the United States to increase their yields per acre. Since the demand for corn is relatively inelastic, the price of corn in a perfectly competitive market is likely to
a. not change, but farm revenues will fall. b. not change, but farm revenues will rise. c. increase, and farm revenues will fall. d. decrease, and farm revenues will fall.